Swiss Re announces plans to streamline organisational structure

Swiss Re today announced plans to streamline its organisational structure. The reorganisation, which aims to simplify structures, improve efficiency and client
experience, will be effective 3 April 2023, subject to regulatory approvals.

The current Reinsurance Business Unit will be split into P&C Re and L&H
Re, with each having full authority over the respective underwriting and
claims management processes. Urs Baertschi, currently Chief Executive
Officer Reinsurance EMEA, will lead P&C Re, while Paul Murray, currently
CEO Reinsurance Asia Pacific, will lead L&H Re.

Moses Ojeisekhoba, currently CEO Reinsurance, will take over leadership
of Global Clients and Solutions. This Business Unit will contain the client
management teams servicing Swiss Re’s global reinsurance clients, Public
Sector Solutions, iptiQ and Reinsurance Solutions.

Corporate Solutions continues as a Business Unit under the leadership of
Andreas Berger.
The responsibilities of the Group Chief Underwriting Officer will be
reallocated, most importantly to the CUOs of P&C Re and L&H Re, as well
as to Group Risk Management, to continue the Group’s focus on
underwriting excellence. The tasks of the Regional Presidents will be
reallocated as the roles will no longer exist in the new set-up.
The reorganisation will not change the way Swiss Re reports its financial
results externally.

Group CEO Christian Mumenthaler said: “The planned changes will
emphasise performance accountabilities and bring clear efficiencies. The
2/2 simpler set-up with shorter decision paths will also result in enhanced
client focus.”

Source: Swiss Re Media Relations